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French Lick town, IN

ZIP 47432 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47432

Median Home Value
$101,900
Median Rent
$581
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$655/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 47432 in French Lick town, IN, a household would need roughly $28,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $655. That sits below the local median household income ($64,162), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
83.2%+27% vs US avg
x
Vacancy Rate
10.9%+6% vs US avg
x
Broadband Access
85.2%-2% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
3.9%-69% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
17.8%-64% vs US avg
x
Mortgage-Free
39.1%+2% vs US avg
x
$101,900
Home Value
$581
Rent
1966
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached76.4%
  • 1-unit attached1.4%
  • 2-9 units5.4%
  • 10+ units3.9%
  • Mobile home & other13.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$101,900
Median rent$581
Owner-occupied83.2%
Vacant10.9%
Price-to-income1.6x
Est. income to buy$28,000